Tyler Company’s ASC 932-235 disclosures included the following information:

REQUIRED: 

Using the information for Tyler Company in problems 13, 14, and 15 and in this problem:

a. Compute the value of proved reserve additions per BOE using the various formulae.

b. Compute the value added ratio for each year, utilizing formula 3 for finding costs per BOE, and formula 2 with revisions for value of reserves added per BOE.

Data From Problem 13:-

The following reserve table appeared in the financial statements of Tyler Company:

Data From Problem 14:-

Tyler Company reported the following costs on its financial statements (in thousands):

Data From Problem 15:-

Tyler Company reported the following expenses in its financial statements (in thousands):

Transcribed Image Text:

Changes in Standardized Measure of Discounted Future Net Cash Flows, in Thousands Year ended Dec. 31 2020 2021 2022 Beginning of year $1,131 $ 643 $1,656 Changes due to prices and costs (830) 550 200 Changes due to purchases in place 0 156 139 Changes due to extensions, discoveries, and improved recovery 400 180 712 Changes due to revisions in estimates 99 310 39 Changes due to sales in place (22) (35) (40) Changes due to production (270) (398) (500) Accretion of discount 135 250 199 Balance at end of year $643 $1,656 $2.405